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    maureentanner's Avatar
    maureentanner Posts: 2, Reputation: 1
    New Member
     
    #1

    Jan 16, 2009, 10:05 AM
    Life Insurance
    Can I claim Life Insurance payments on my income tax 1040 ?
    twinkiedooter's Avatar
    twinkiedooter Posts: 12,172, Reputation: 1054
    Uber Member
     
    #2

    Jan 16, 2009, 11:20 AM

    Not that I am aware of. This is something you voluntarily paid out.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

    Jan 16, 2009, 01:36 PM
    Agreed. Life insurance payments are NOT deductible on an individual's tax return.

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